It sounds like you're outlining a trading strategy that involves a combination of daily scalp trading and using trailing stop-loss orders to lock in profits as prices rise. Here’s a more professional summary of your plan:
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Trading Strategy Overview for Consistent Profitability:
1. Scalp Trading:
Take at least 5 trades per day, each with 5% of your total portfolio (in this case, $20 per trade if starting with $100).
These are short-term trades with small profit targets.
2. Trailing Stop-Loss for Profit Protection:
As the price of your trade increases, adjust the stop-loss to secure profits without prematurely closing the trade.
Example: Buy a coin at $10, price moves to $15 — set stop-loss at $13 to lock in profits in case of a reversal. As the price moves higher (e.g., $20), adjust the stop-loss to $17.
3. Profit Calculation:
Aim for a profit of $5 per trade using trailing stop-loss.
5 trades per day x $5 profit = $25 daily.
Over 30 days: $25 x 30 days = $750 monthly.
4. Scaling Up:
Once you are consistently making profits, apply the same rule (5% per trade) to a larger investment to scale up your gains.
Benefits of Trailing Stop-Loss:
This technique helps you capture profits during favorable price moves while protecting your investment against sudden reversals.
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By following this strategy, with discipline and consistency, you could generate a regular monthly income from your trades. However, it's essential to understand the risks associated with trading, as markets can be volatile, and no strategy guarantees profits. Always ensure you're using proper risk management to protect your capital.
Would you like to discuss specific tools or platforms t
hat can help implement this strategy effectively?
